In our previous posts on natural capital, the concept of ecosystem services for the integration of the environment into public economy and welfare economics has been extensively developed (see previous articles here). Ecosystem services make it possible to link the ecological function of ecosystems to the well-being of populations and socio-economic activities. Combined with … [Read more...] about Ecosystem services as a tool to better plan environmental interventions
The cost of (not) building resilient infrastructure in the Caribbean
We all know that to build more resilient infrastructure, we need to invest more; but how much more is enough? Our last blog showed that the Caribbean islands lose an average 2% of their capital stock in infrastructure because of climate-related events every year. This would be equivalent to having all the infrastructure capital stock in the Caribbean islands … [Read more...] about The cost of (not) building resilient infrastructure in the Caribbean
What can be done to improve disaster preparedness and response in Haiti? Key Takeaways from a Mercredi de Réflexion
The Mercredi de Réflexion is a recurring meeting organized by the Inter-American Development Bank's (IDB) Haiti office that provides a space to reflect on new ideas and positive developments amid the noise of everyday events. This is what representatives from the Government of Haiti, UNECLAC, the Caribbean Development Bank and the Caribbean Disaster Emergency Management Agency … [Read more...] about What can be done to improve disaster preparedness and response in Haiti? Key Takeaways from a Mercredi de Réflexion
Key sectors and COP26 results that will guide the IDB’s climate agenda in 2022
In 2022 efforts to address the climate crisis need to be redoubled. 2021 has been the 7th consecutive year where the global temperature has been over 1°C above pre-industrial levels. Governments are expected to push forward their plans to achieve the net-zero global target by 2025. Last November, COP26 finally took place in Glasgow amid a complex COVID-19 situation. Several … [Read more...] about Key sectors and COP26 results that will guide the IDB’s climate agenda in 2022
Is it worth it to invest in resilient constructions in the Caribbean? The answer is yes!
The Caribbean islands are among the 25 most-vulnerable nations in terms of climate-related disasters per capita or land area, and climate change is only expected to worsen this scenario. Only in 2020, there were 13 hurricanes in the Atlantic, second highest on record. In addition to human lives losses, these disasters take a deep toll on economic growth: in 2019, hurricane … [Read more...] about Is it worth it to invest in resilient constructions in the Caribbean? The answer is yes!